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 | |
| Company type | Public |
|---|---|
| |
| ISIN | US36472T1097 |
| Industry | Media |
| Genre | Publishing |
| Founded | October 6, 1906 in Rochester, New York June 29, 2015 (current Gannett Company) |
| Founder | Frank Gannett |
| Successor | Tegna Inc. (Broadcasting) |
| Headquarters | New York City, New York, U.S. |
Key people |
|
| Services | Publishing/Digital Marketing Solutions |
| Revenue |  US$2.9 billion (2022)[1] |
 US$–146 million (2019)[2] | |
| US$–119 million (2019)[2] | |
| Total assets | US$4.02 billion (2019)[2] |
| Total equity | US$981 million (2019)[2] |
| Owner | Fortress Investment Group |
Number of employees | 11,200[1] (2022) |
| Parent | New Media Investment Group |
| Subsidiaries | Newsquest |
| Website | gannett |
Gannett Co., Inc. (/ɡəˈnɛt/) is an American mass media holding company headquartered in New York City.[3] It is the largest U.S. newspaper publisher as measured by total daily circulation.[4]
It owns the national newspaper USA Today, as well as several local newspapers, including the Austin American-Statesman; Detroit Free Press; The Indianapolis Star; The Cincinnati Enquirer; The Columbus Dispatch; The Florida Times-Union in Jacksonville, Florida; The Tallahassee Democrat in Tallahassee, Florida; The Tennessean in Nashville, Tennessee; The Daily News Journal, in Murfreesboro, Tennessee; The Courier-Journal in Louisville, Kentucky; the Democrat and Chronicle in Rochester, New York; The Des Moines Register; the El Paso Times; The Arizona Republic in Phoenix, Arizona; The News-Press in Fort Myers, Florida; the Milwaukee Journal Sentinel; the Argus Leader; the Pueblo Chieftain; and the Great Falls Tribune.
In 2015, Gannett split into two publicly traded companies, one focusing on newspapers and publishing and the other on broadcasting. The broadcasting company took the name Tegna, and owns about 68 TV stations. The newspaper company inherited the Gannett name. The split was structured so that Tegna is the legal successor of the old Gannett, while the new Gannett is a spin-off.[5]
In November 2019, New Media Investment Group acquired and merged its GateHouse Media subsidiary into Gannett, creating the largest newspaper publisher in the United States, which adopted the Gannett name. Mike Reed[6] was named CEO.[7][8]
Gannett along with 91 additional Fortune 500 companies had "paid an effective federal tax rate of 0% or less" in 2018 as a result of Donald Trump´s Tax Cuts and Jobs Act of 2017.[9]
- ^ a b Fischer, Sara; Flynn, Kerry (March 7, 2023). "Gannett shed nearly half its workforce since GateHouse merger". Axios.
- ^ a b c d "Gannett SEC Filing 10-K 2019" (PDF). Archived from the original (PDF) on September 26, 2020. Retrieved July 11, 2019.
- ^ Liu, Nicholas (March 10, 2024). "USA Today Owner Gannett Moves HQ from VA to the Theater District". West Side Spirit. Retrieved June 30, 2024.
- ^ "Gannett Company, Inc". Library of Congress. Retrieved August 9, 2020.
- ^ Chen, Angela (March 12, 2015). "Gannett Split to Close By Mid-Year". The Wall Street Journal. Retrieved June 9, 2015.
- ^ Guynn, David Brinkerhoff and Jessica. "CEO of Gannett's operating company, Paul Bascobert, will leave company; Mike Reed assumes responsibilities". USA Today. Retrieved September 8, 2020.
- ^ Tracy, Marc (November 19, 2019). "Gannett, Now Largest U.S. Newspaper Chain, Targets 'Inefficiencies'". The New York Times.
- ^ "New Media and Gannett Complete Merger, Creating Leading U.S. Print and Digital News Organization" (Press release). Business Wire. November 19, 2019.
- ^ Pound, Jesse (December 16, 2019). "These 91 companies paid no federal taxes in 2018". CNBC. Retrieved February 11, 2020.
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